---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005190"
form_type: "8-K"
ticker: "HNVR"
cik: "0001828588"
company_name: "Hanover Bancorp, Inc. /MD"
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:21:34.367530+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hanover Bancorp Q1 2025 adj. EPS $0.55 vs $0.55 YoY; NIM expands to 2.68%

## Summary
- Net income $1.5M ($0.20 diluted); adjusted net income $4.1M ($0.55 diluted) excluding $2.6M core system conversion costs.
- Net interest income $14.6M, +13.1% YoY; net interest margin 2.68% vs 2.41% a year ago.
- Non-performing loans fell 28.5% to $11.7M (0.60% of total loans); allowance for credit losses 1.17%.
- Quarterly dividend $0.10 per share declared, payable May 14, 2025 to holders of record May 7.
- Completed core system conversion to FIS Horizon in Feb 2025; CRE concentration ratio improved to 369% of capital.

## SEC filing metadata
- accession: 0001558370-25-005190
- form_type: 8-K
- ticker: HNVR
- cik: 0001828588
- company_name: Hanover Bancorp, Inc. /MD
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828588/000155837025005190/0001558370-25-005190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828588/000155837025005190/hnvr-20250423x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005190
- JSON: https://secwatch.observer/filing/0001558370-25-005190.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005190.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.